We have a new record - Canadians lost over $121 million to scammers in 2018. This is up from $95 million in 2017. While the losses continue to trend upwards, the percentage of victims that actually come forward to report the crime is still less than 10%, suggesting that actual losses are somewhere in the range of $3 billion dollars this year. Reporting scams and frauds plays a vital role in assisting law enforcement and organizations like BBB to gather accurate statistics, as well as track, apprehend and prosecute criminals.

Here is a list of the Top 10 Scams of 2018

1. Romance Scams

2. Income Tax Extortion Scams

3. Online Purchase Scams

4. Employment Scams

5. Phishing

6. Subscription Scams

7. Advance Fee Loans

8. Tech Support Scams

9. Home Improvement Scams

10. Bank Investigator Scams

For more information regarding these scams and some tips to avoid them click here. Educate yourself so you don't become a victim! Recognize it. Report it. Stop it.